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  • Insurance Policies And The Insurance Policy

    1209 Words  | 5 Pages

    first page of the policy, the name of the insured, the address, the duration of the insurance policy, the location, the scope of the policy, and other key information from the insured to the insured. Definitions: In determining the scope of coverage, the insurance policy depends on a very specific and very clear meaning of the terms and phrases. Since these terms and phrases are often repeated many times in an insurance policy, a single definition of a term or phrase is included in the definition of

  • Insurance

    1247 Words  | 5 Pages

    INSURANCE CONCEPT: Insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. NATURE: The purpose of any insurance is to provide economic protection against the losses that may be incurred due to chance events such as: 1. Death 2. Disability 3. Medical expenses 4. Home or automobile damage, etc. FUNCTIONS: Basic

  • Insurance Business - The Concept Of Insurance

    968 Words  | 4 Pages

    INSURANCE BUSINESS – PRE-NATIONALISATION 2.1.1 The Concept of Insurance The entire modern world process has to face numerous risks and uncertainties. Thus in business, as in private life, there are dangers and risks of every kind. The concept of risk may be explained as the possibility of unfavourable results following from any occurrence. In a dynamic and free economy and life such risks are inevitable. The risk may mean that there is a possibility of loss or damage. It may or may not happen

  • Insurance Liability And Liability Insurance

    1138 Words  | 5 Pages

    There are many lines of different property and casualty insurances. Even though the general purpose and utilization of these insurances is the same across the nation, prices fluctuate from state to state. We will get into more detail in regards to Errors and Omission Insurance (E&O) in the State of California. Errors and Omission Insurance, also called Professional Liability Insurance or Malpractice Insurance, is used to cover legal expenses caused by potential errors and omissions during operations

  • A Brief Note On Insurance And Insurance Protection

    2141 Words  | 9 Pages

    accordance with all of the terms and conditions of this Agreement and the applicable Certificate of Insurance, and in consideration of the Premium paid by a Tenant to the Insurer with respect to each Insured Lease to be insured hereunder, the Insurer hereby guarantees the Insured against any Insured Loss(es) incurred by the Insured under each Insured Lease identified in a Certificate of Insurance for such Insured Lease, solely to the extent that such Insured Loss(es) arise directly from a Rent Protection

  • Insurance Is A Policy, Your Parents, And Insurance

    1059 Words  | 5 Pages

    heard of insurance at least once in our lifetime. From the advertisements, the marketing companies, your parents, etc. Insurance is a policy, where for the premium paid, the insurance company agrees to protect you within stated amounts, from the potential losses listed in the policy. In other words, the insurance company is agreeing to protect you from certain events that can happen, listed in the policy. Did you know there are tons of different types of insurance out there? There’s insurance for everything

  • A Brief Note On The Insurance And Insurance Essay

    3346 Words  | 14 Pages

    Introduction Insurance is am agreement between two parties in which one party promises to compensate for future losses in return for a reoccurring payment. It protects an entity (such as an individual or company) against unexpected losses. Some forms of insurance are compulsory by law whilst others are optional. An insurance policy is a contract between the insured and the insurer. In the case of a certain event, the insurer agrees to pay the insured a lump sum of money in exchange for a monthly

  • Insurance : Insurance And Insurance Essay

    1158 Words  | 5 Pages

    Liability Insurance (2011), insurance is a contract where the insurer on payment of premium binds to reimburse the insured, within certain boundaries agreed upon for damages caused to the insured from an accident or a principal sum that should be paid for an event that occurred that was liable to human life. The major types of insurance that were reviewed were Medicare, worker’s compensation, Tricare, group insurance, CHAMPVA, Medicaid, and individual insurance. Under Medicare insurance, people over

  • Interpreting Insurance Contracts And Insurance Policies

    1197 Words  | 5 Pages

    A. Interpreting Insurance Contracts In Maryland, insurance policies are generally construed in the same manner as contracts. Collier v. MD-Individual Practice Ass 'n, Inc., 327 Md. 1, 5, 607 A.2d 537 (1992). An insurance contract, like any other contract, is measured by its terms unless a statute, a regulation, or public policy is violated thereby. Pac. Indem. Co. v. Interstate Fire & Cas. Co., 302 Md. 383, 388, 488 A.2d 486 (1985). We do not follow the rule, adopted in other jurisdictions, that

  • Life Insurance

    987 Words  | 4 Pages

    .. TABLE OF CONTENTS STRATEGIC MARKETING PLAN DEFINES SALES SUCCESS IN TWO LEADING LIFE INSURANCE COMPANY Target companies: AVIVA Life Insurance Pvt Ltd. 1] Executive summary: The research is to be conduct how each company has performed in sales and the improve effectiveness of selling process. Research objectives and aims are to compare the performance of the AVIVA and HDFCSLI. As this research studying based on the Indian market, the research is proceeding in Bangalore, which is